Financial Maths YEAR TEN MATHS FOR FURTHER Course

Financial Maths YEAR TEN MATHS FOR FURTHER

Course

Percentages

Now Try Worksheet One Part One

Percentages

Now Try Worksheet One Part Two

Percentages

Now Try Worksheet One Part Three

Percentages

Now try Worksheet One Part Four Then After Worded Problems Text Questions – Percentages 2 B Q 1*, 2*, 3*, 4*, 5*, 6, 7 * = every other problem (a, c, e etc. )

Percentage Change

Now Try Worksheet Two Part One

Now Try Worksheet Two Part Two

Finding the percentage increase (mark-up) of an item eg. Find the % increase of the following. a. The cost of newspaper increases from $1. 00 to $1. 20

Finding the percentage increase (mark-up) of an item eg. Find the % increase of the following. b. The cost of milk increases from $2. 00 to $2. 20

Finding the percentage increase (mark-up) of an item eg. Find the % increase of the following. c. The cost of a car increases from $22, 000 to $24, 500

Now Try Worksheet Two Part Three

Finding the price of a marked-up item eg. Find the new price of the following. a. An item costs $4. 00 and is then marked up by 15%.

Finding the price of a marked-up item eg. Find the new price of the following. b. An item costs $500 and is then marked up by 30%.

Finding the price of a marked-up item eg. Find the new price of the following. c. An item costs $1200 and is then marked up by 40%.

Now Try Worksheet Two Part Four

Finding the percentage decrease (mark-down) of an item eg 1. Find the % decrease of the following. Movie tickets are usually $15, but are on sale for $12

Finding the percentage decrease (mark-down) of an item eg 2. Find the % decrease of the following. The price of bread decreases from $4 to $3. 30

Finding the percentage decrease (mark-down) of an item eg 3. Find the % decrease of the following. A jacket is on sale for $70, originally $120

Now Try Worksheet Two Part Five

Finding the price of a marked-down item eg 1. Find the new price of the following. An item costs $40 and is then marked down by 15%.

Finding the price of a marked-down item eg 2. Find the new price of the following. An item costs $68 and is then marked down by 30%.

Finding the price of a marked-down item eg 3. Find the new price of the following. An item costs $200 and is then marked down by 40%.

Now Try Worksheet Two Part Six Then: Text Questions – Percentage Change 2 C Q 1*, 2, 3, 5*, 6*, 7*

PROFIT AND LOSS At regular intervals, businesses compare their income (the money that has come into the business) with their expenditure (the money that the business pays out). When income is greater than the expenditure, this results in a PROFIT – Money has been made When expenditure is greater than the income, this results in a LOSS – Money has been lost

Profit and Loss eg 1. A company has an income of $120, 000 and an expenditure of $113, 000. a) Are they making a profit or a loss? b) How much is this profit? c) Calculate the percentage profit

Profit and Loss eg 2. A dress costs a shop $60 and is sold for $105 a) Are they making a profit or a loss? b) How much is this profit? c) Calculate the percentage profit

Profit and Loss eg 3. A pair of jeans costs a shop $110 and is sold on sale for $70 a) Are they making a profit or a loss? b) How much is this loss? c) Calculate the percentage loss

Profit and Loss eg 4. A bulk order 60 pairs of jeans are purchased by a shop for $4800. a) How much does the owner pay for each pair of jeans? b) If a pair of jeans are sold for $140, how much profit is made on one pair of jeans? c) Calculate the percentage profit made on a pair of jeans

Now Try Text Questions – Profit and Loss 2 D Q 1, 2, 3, 4, 5, 6, 7

Commission eg 1. A car salesman receives 4% commission on sales. Last month he sold cars to the value of $72, 000. How much commission does he receive?

Commission

Commission

Now Try Text Questions – Commission 2 E Q 1*, 2, 3, 4*, 5, 6 * = do every second problem (ie. a, c, e etc. . )

Simple Interest

Simple Interest

Simple Interest

Simple Interest

Now Try Text Questions – Simple Interest 2 F Q 1, 2, 3, 4, 5

COMPOUND INTEREST With simple interest, the interest paid is constant and spread out over a loan period. Compound Interest is different as interest is calculated and added periodically throughout the loan. This means that the dollar amount of interest paid changes in each period based on the balance of the loan for that period. eg.

COMPOUND INTEREST b) How much do I have after 5 years?

COMPOUND INTEREST b) How much do I have after 5 years?

Now Try Text Questions – Compound Interest 2 G Q 1*, 2*, 3, 4 a, 5 * = do every second problem (ie. a, c, e etc. . )

COMPOUND INTEREST – INTEREST COMPOUNDED MORE THAN ONCE PER YEAR Calculating Compound Interest when interest is compounded more than once a year:

COMPOUND INTEREST b) How much do I have after 5 years?

COMPOUND INTEREST b) How much do I have after 3 years?

COMPOUND INTEREST b) How much do I have after 3 years?

Now Try Text Questions – Compound Interest 2 G Q 1*, 2*, 3, 4 a, 5, 7 * = do every second problem (ie. a, c, e etc. . )